SeaBank Indonesia
SeaBank Indonesia is a digital-only commercial bank licensed by OJK and Bank Indonesia, offering savings, deposits, personal loans, and SME banking through its mobile app and Shopee integration to underbanked Indonesian consumers and UMKM owners.
- Company typePrivate
- Founded1991
- HeadquartersJakarta, Indonesia
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
What SeaBank Indonesia does
SeaBank Indonesia (legally PT Bank Seabank Indonesia) is a digital-only commercial bank headquartered in Jakarta, Indonesia, licensed and supervised by the Otoritas Jasa Keuangan (OJK) and Bank Indonesia, and a participant in the Lembaga Penjamin Simpanan (LPS) deposit insurance scheme. Founded in 1991 and reorganized as a digital bank within the Sea Group (Sea Limited, NYSE: SE) ecosystem, the bank delivers retail and small-business banking exclusively through its mobile application, with no physical branches. Core products include Tabungan (savings account at 2.5% p.a. with daily interest payout), Deposito (term deposits at up to 6% p.a.), SeaBank Pinjam and SeaBank Pinjam Xtra (personal lending), and SeaBank Bisnis (SME banking). Key customer-facing features include free interbank transfers up to 100 times per month, zero monthly admin fees, QRIS payments, e-wallet top-ups, bill payments, and two-factor authentication with encrypted data handling on a cloud-native mobile-first platform.
The bank operates a product-led, mobile-first go-to-market targeting underbanked Indonesian consumers, students, housewives, and UMKM (SME) owners who are underserved by traditional banks offering low deposit rates and high admin fees. Its primary distribution advantage is the embedded integration with Shopee, Southeast Asia's leading e-commerce platform, which allows customers to open accounts, link accounts, top up, and transact inside the Shopee app — leveraging Sea's broader technology and customer infrastructure. Revenue mechanics are conventional for a digital retail bank: net interest income from deposits and savings float, and interest income from consumer and small-business lending products (SeaBank Pinjam, SeaBank Pinjam Xtra, SeaBank Bisnis). The bank does not publish standalone revenue, but its parent reports Sea's Monee segment (which includes SeaBank) at $787.1 million in Q1 2025 with 57.6% year-over-year growth, indicating rapid scale within Indonesia's projected $12.03 billion embedded finance market. In 2025 SeaBank received multiple industry recognitions including Forbes World's Best Banks (Asia), Asian Banking & Finance Virtual Bank of the Year and Ecosystem Initiative of the Year, and YouGov's #1 Most-Improved Brand 2026, reinforcing brand momentum among Indonesian consumers.
SeaBank Indonesia firmographics
Firmographics- Name
- SeaBank Indonesia
- Legal name
- PT Bank Seabank Indonesia
- Website
- https://seabank.co.id
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- SeaBank Indonesia is a digital-only commercial bank licensed by OJK and Bank Indonesia, offering savings, deposits, personal loans, and SME banking through its mobile app and Shopee integration to underbanked Indonesian consumers and UMKM owners.
- Ownership category
- akta.pro rank
SeaBank Indonesia industry classification
Industry- Product category
- Digital Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
- akta.pro secondary industries
- Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)
Keywords
Where SeaBank Indonesia is headquartered
LocationHeadquarters
- HQ city
- Jakarta
- HQ country
- Indonesia
- HQ region
- Asia
Offices1 record
Markets served
SeaBank Indonesia business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Interest Income from Lending: SeaBank generates revenue through interest on loans including SeaBank Pinjam (personal loans), SeaBank Pinjam Xtra, and SeaBank Bisnis (business loans)
- Deposit and Savings Float: Interest-bearing deposits and savings accounts generating float income, with deposit rates up to 6% p.a. and savings at 2.5% p.a.
- Financial Services Revenue: As part of Sea Group, SeaBank contributes to Sea's Monee segment which posted 57.6% YoY growth in Q1 2025 with $787.1 million in revenue
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free transfers up to 100x per month |
| Freemium | Monthly | No monthly admin fees |
| Unit Pricing | Pay-as-you-go | Deposito interest up to 6% p.a. |
| Unit Pricing | Pay-as-you-go | Tabungan interest 2.5% p.a. with daily payout |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
SeaBank Indonesia product offering
Product offeringCore offering
SeaBank Indonesia (PT Bank Seabank Indonesia) is a digital-only bank offering savings accounts, term deposits, personal and business loans, and payment services through a mobile application. The bank provides fee-free digital banking with competitive interest rates and is embedded within the Shopee e-commerce platform for account opening and transactions.
Product overview
SeaBank Indonesia is a digital bank offering a unified mobile-first banking platform through its SeaBank Mobile App. The core product portfolio includes Tabungan (digital savings with 2.5% p.a. interest and daily interest payout), Deposito (term deposits up to 6% p.a.), SeaBank Pinjam and SeaBank Pinjam Xtra (digital lending products), and SeaBank Bisnis (SME banking). All services are accessible via the mobile app with key features including free transfers (up to 100x/month), free e-wallet top-ups, QRIS payments, and bill payments. SeaBank operates a channel partnership with Shopee, enabling account opening and transactions through the e-commerce platform. The bank targets underbanked consumers and SMEs in Indonesia with fee-free, high-interest digital banking services.
Differentiator
Problem solved
Functional benefit
Brands
- SeaBank Pinjam: Personal loan product offered by SeaBank Indonesia
- SeaBank Pinjam Xtra
- SeaBank Bisnis
Products and services
- Tabungan SeaBank Digital savings account offering 2.5% p.a. interest rate calculated and paid daily, with no monthly admin fees and free transfers up to 100 times per month. Designed for individual consumers, employees, students, and housewives seeking accessible savings.
- Deposito SeaBank Term deposit product offering interest rates up to 6% per annum for customers seeking higher returns on savings. Targets conservative savers including housewives and investors looking for safe investment options.
- SeaBank Pinjam Digital personal lending product providing loans accessible through the SeaBank mobile platform. Targeted at individual borrowers needing consumer credit.
- SeaBank Pinjam Xtra Enhanced digital lending product with extended features for qualified borrowers, complementing the standard SeaBank Pinjam offering.
- SeaBank Bisnis Business banking solution designed to support Indonesian UMKM (small and medium enterprise) owners and business operators with digital financial services for managing operations, payroll, and growth capital.
Quantifiable outcome
- Sea's Monee segment (including SeaBank) achieved 57.6% year-over-year growth in Q1 2025 with $787.1 million in revenue
Companies that use SeaBank Indonesia
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles3 records
SeaBank Indonesia technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature3 records
SeaBank Indonesia partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- ShopeecoreSeaBank has a strategic partnership with Shopee enabling customers to open SeaBank accounts directly through Shopee app, link their Shopee accounts, perform top-ups and withdrawals, and make payments within the Shopee e-commerce platform. This integration is a core component of SeaBank's embedded finance strategy.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
SeaBank Indonesia competitors and assessment
Company assessmentDirect peers
- Bank Jago: Indonesia's leading digital bank, integrated with the Gojek ecosystem in a structure closely paralleling SeaBank x Shopee. Targets similar mass-market and UMKM segments with mobile-first deposits, savings, and lending.
- BCA Digital (blu): Digital banking arm of Indonesia's largest private bank (BCA), targeting younger, mobile-first consumers with savings, transfers, and lifestyle features. Directly comparable in product category and customer type.
- Jenius (Bank Digital BTPN): One of Indonesia's first digital-only banks, offering mobile-first savings, transfers, and lending to professionals and SMEs. Competes head-to-head with SeaBank for the same Indonesian digital-native customer base.
- Bank Aladin Syariah: Indonesia's digital sharia bank with mobile-only distribution, targeting underbanked Muslim consumers and SMEs. Competes with SeaBank on fee-free, high-rate deposit economics in a similar customer segment.
- TMRW by UOB: UOB's digital bank targeting Indonesia's young, mobile-first consumers with savings, transfers, and lifestyle features. Comparable product set and customer profile to SeaBank's mass-market offering.
Emerging players
- GoPay (GoTo Financial): Indonesia's largest e-wallet, part of the GoTo ecosystem and embedded into Gojek. Competes with SeaBank for the same underbanked Indonesian consumers and increasingly offers banking-adjacent deposit and lending products.
- Akulaku: Indonesia-focused fintech offering BNPL, digital lending, and banking products to underbanked consumers. Comparable target customer (mass-market, underbanked) with overlapping lending product set to SeaBank Pinjam.
Broad incumbents
- Grab Financial Group: Southeast Asia's super-app with deep financial services (payments, lending, insurance) embedded across its ride-hailing, food, and merchant ecosystems. Competes with SeaBank across multiple SEA markets including Indonesia.
- KakaoBank: South Korea's leading mobile-only bank, integrated within the KakaoTalk super-app ecosystem - a structural parallel to SeaBank's Shopee integration. Useful benchmark for digital bank unit economics and ecosystem strategies.
- WeBank: China's largest digital-only bank, serving underbanked consumers and SMEs through Tencent ecosystem channels. Provides benchmark on scale of embedded finance and digital deposit-gathering economics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
SeaBank Indonesia social profiles
Digital presenceSeaBank Indonesia compliance and trust
Trust signalCompliance3 records
SeaBank Indonesia financial estimates
Financial estimateRevenue estimate
Valuation estimate
SeaBank Indonesia leadership team
Management profileNumber of profiles
SeaBank Indonesia funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SeaBank Indonesia M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SeaBank Indonesia
What does SeaBank Indonesia do?
SeaBank Indonesia (PT Bank Seabank Indonesia) is a digital-only bank offering savings accounts, term deposits, personal and business loans, and payment services through a mobile application. The bank provides fee-free digital banking with competitive interest rates and is embedded within the Shopee e-commerce platform for account opening and transactions.
Is SeaBank Indonesia a public or private company?
SeaBank Indonesia is a private company. It is classified as corporate owned and is currently operating.
When was SeaBank Indonesia founded?
SeaBank Indonesia was founded in 1991. It employs 501 to 1,000 people.
Where is SeaBank Indonesia based?
SeaBank Indonesia is headquartered in Jakarta, Indonesia, in the Asia region.
How does SeaBank Indonesia make money?
Three revenue lines are on record. Interest Income from Lending is the primary driver. The others are deposit and Savings Float and financial Services Revenue.
Who are SeaBank Indonesia's main competitors?
Direct peers on record are Bank Jago, BCA Digital (blu), Jenius (Bank Digital BTPN), Bank Aladin Syariah and TMRW by UOB. Emerging players are GoPay (GoTo Financial) and Akulaku. Broad incumbents are Grab Financial Group, KakaoBank and WeBank.
Does SeaBank Indonesia have an API?
No public API is recorded for SeaBank Indonesia.
What industry is SeaBank Indonesia in?
SeaBank Indonesia's product category is Digital Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSAGALAE, Embedded Deposit Accounts & Digital Wallet Infrastructure. Its NAICS code is 52211 and its SIC code is 6021.